IMO borrowing against your equity is a very bad idea.

If the original borrower can't make their payments, at least there's a chance you can.

Occupancy Owner Occupied, Second Home, Investor Interest Only Option Up to five (5) years interest only, then P&I for the remaining 25 years REQUIRES MI LTV Limits Owner Occupied, Second Homes, 90% NO MI LOAN Limits $1.25 Million Credit Score Requirement: 760 International Borrowers are eligible for this program @ 80% Close your Daytona Condotel in an LLC - Requires Personal Guaranty; Does NOT report to personal credit unless there are lates or default --------------------------------------------------------------------------------80% LTV for condotels if credit scores 640 - 759--------------------------------------------------------------------------------No prepayment penalty******** End Quote ********With regards to commercial or residential status, that depends on where the property is located and how often you stay in the property.

There are hard money programs that would allow the borrower to get to 100 CLTV, but it would require increased seller participation (on the magnitude of between 35-40%).

LLCs borrow money all the time and the property is then deeded directly from the seller to the LLC.Mike

The above highlights what will stop many deals when the end buyer is using a conventional lender.

At the auction and after the auction the borrower largely has no control when it comes to agreeing a sale.

Similar in many ways to construction financing but used by borrowers who can not qualify for construction financing.5.

It takes a lot to stop it.

Mike,While there is some logic to the cycles the details are not accurate for all markets all of the time.Some markets have downturns which really means prices stop going up but they do not really fall.There are markets where prices fall but the recovery is closer to 3 years rather than the 8-10 you are expecting in your cycles.To all:DYOR - Do Your Own Research for you market.